U.S. stocks rose, sending the Standard & Poor’s 500 Index to its best week since July, as earnings from General Electric Co. and Morgan Stanley beat estimates and concern eased that the Ukraine crisis may worsen.
The Standard & Poor’s 500 Index rose, giving it the best three-day rally in two months, while Treasuries fell as Yahoo! Inc. jumped on earnings and U.S. industrial production increased. The pound strengthened and copper advanced.
U.S. stocks climbed for a second day as optimism grew over corporate earnings and the Nasdaq Composite Index rebounded after falling near its average level for the past 200 days. Treasuries rose amid increasing tensions in Ukraine, while emerging markets slumped on signs China’s economy is slowing.